Ubisoft Cuts 124 Jobs, Including 98 in Canada, in Effort to Streamline Operations

Layoffs Represent 2% of Ubisoft's Canadian Workforce, Primarily Impacting Administrative and IT Teams Amidst Ongoing Industry-wide Job Cuts

Ubisoft is laying off 124 employees, primarily administrative and IT workers, as part of restructuring efforts aimed at sustainability and efficiency. Of these, 98 are based in Canada, marking a 2% reduction of Ubisoft's Canadian workforce.
The layoffs will also impact the Hybride VFX studio, involved in shows such as Ahsoka and The Mandalorian, but will not affect Ubisoft's production teams.
These cuts follow a year of considerable releases for Ubisoft, such as Assassin's Creed Mirage and Just Dance 2024, despite the cancellation of several games and continued delays of Skulls and Bones.
Ubisoft joins companies like Bungie, Microsoft, Naughty Dog and others that have conducted layoffs in the gaming industry in 2023.
Earlier this year, Ubisoft closed its London studio and announced cost reduction plans, with staff numbers worldwide dropping from 20,729 in September 2022 to 19,140 in September 2023.